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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    710 Colonial Dr Orlando, FL 32804-7366

    • Investment properties
    • 8,294 SF
    • 1.19 lot acres
    OFF-MARKET
    Value Estimations
    $1,650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1176905
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Hearing Aid Factory, Inc. / Hearing Aid Store
    • Anthony Guerra HomeSmart / Real Estate Agency
    • Premier Security Education Center - PSEC / Training Center / Vocational School
    • Jenese Porter, Realtor / Real Estate Agency
    • Joseph Bullock, HomeSmart / Real Estate Agency

    Property Details for 710 Colonial Dr

    Year built
    1925
    Lot size
    1.19 lot acres
    Property size
    8,294 SF
    Zone code
    R-2B/T/PH
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    26-22-29-0284-00-010
    APU
    262229028400010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,825,000
      6.5%
      $1,685,000
      7%
      $1,565,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,782,000
      Market price range: $1.78M - $2.90M
      AI Estimate
      $1,487,000
      Market price range: $1.37M - $2.55M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,285,000
      Current use
      OFFICE BUILDING
      $2,600,000
      Change: +14% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,945,000
      Change: -15% Conversion: Moderate
      RETAIL STORES
      $1,860,000
      Change: -19% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.3898
    Latitude
    28.5526
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,865
    $475,770
    $871,525
    $1,347,295
    -
    $475,770
    $871,525
    $1,347,295

    Comparable in this City

    • Value Estimation
      $2,350,000
      1,970 SF

      4421 Edgewater Dr

      STORE/OFFICE (MIXED USE) • 1,970 SF
      4421 Edgewater Dr, Orlando, FL 32804-1228
      View Details
    • Value Estimation
      $1,120,000
      3,462 SF

      733 Colonial Dr

      STORE/OFFICE (MIXED USE) • 3,462 SF
      733 Colonial Dr, Orlando, FL 32804-7343
      View Details
    • Value Estimation
      $505,000
      1,548 SF

      4503 Orange Blossom Trl

      STORE/OFFICE (MIXED USE) • 1,548 SF
      4503 Orange Blossom Trl, Orlando, FL 32804-1906
      View Details
    • Value Estimation by Request
      1,431 SF

      719 Winter Park St

      STORE/OFFICE (MIXED USE) • 1,431 SF
      719 Winter Park St, Orlando, FL 32804-4901
      View Details
    • Value Estimation
      $885,000
      4,292 SF

      711 Colonial Dr

      STORE/OFFICE (MIXED USE) • 4,292 SF
      711 Colonial Dr, Orlando, FL 32804-7309
      View Details
    • Value Estimation by Request
      1,568 SF

      1820 Colonial Dr

      STORE/OFFICE (MIXED USE) • 1,568 SF
      1820 Colonial Dr, Orlando, FL 32804-7012
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Property in Ivanhoe Village

      Rare 7,000 SF mixed-use property in Orlando's Ivanhoe Village.
      2020 N Orange Ave, Orlando, FL 32804
      View Details
    • $4,900,000

      Orlando Mixed-Use Development Opportunity

      6.9-acre Orlando portfolio with mixed-use zoning and income potential.
      4421 Edgewater Dr, Orlando, FL 32804
      View Details
    • Contact for pricing

      Oversized Commercial Land For Sale

      0.53 acre commercial land with multiple development possibilities.
      915 W Colonial Dr, Orlando, FL 32804
      View Details
    • $4,950,000
      1,970 SF

      Orlando Mixed-Use Redevelopment Opportunity

      7-acre portfolio with mixed-use zoning in Orlando's College Park.
      4421 Edgewater Dr, Orlando, FL 32804
      View Details
    • $245,000
      0.21 Acres

      Vacant Land in Quiet Orlando Neighborhood

      Vacant lot ideal for office or professional practices.
      726 Cordova Dr, Orlando, FL 32804
      View Details
    • Contact for pricing
      6,212 SF

      Retail Space on Edgewater Drive

      Retail space at a heavily traveled, signalized intersection.
      2607 Edgewater Dr, Orlando, FL 32804
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Edgewater Drive Commercial Property

      Located on Edgewater Drive with high traffic counts.
      4340 Edgewater Dr, Orlando, FL 32804
      View Details
    • Contact for pricing

      Clean Office Space For Rent

      Clean, efficient office space available near Dr. Phillips Packing District.
      2042 N Rio Grande Ave, Orlando, FL 32804
      View Details
    • Contact for pricing

      Office Space in Plaza

      Office space in Plaza at Lake Ivanhoe, 2535 sqft.
      1700 N Orange Ave, Orlando, FL 32804
      View Details
    • Contact for pricing
      2,830 SF

      Retail Space on Edgewater Drive

      Retail space with high traffic and ample parking.
      4353 Edgewater Dr, Orlando, FL 32804
      View Details
    • $13 SF/Yr

      Industrial Project with Ample Parking

      96,893 SF industrial project available for rent.
      3071 N Orange Blossom Trl, Orlando, FL 32804
      View Details
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    Orlando, FL 32804-7366
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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